BSP: Remittances growth hit 5-month high in May to $2.58B

Money sent home by Filipinos abroad posted its best expansion in five months in May, although figures showed growth of remittances might be plateauing despite the peso’s weakness. Cash remittances coursed through banks amounted to $2.58 billion in May, up by 3.6 percent compared with a year ago, the Bangko Sentral ng Pilipinas (BSP) reported
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